Monthly budgets and proposals
What a funded team can spend without asking, and what needs a market's permission.
4 min read · Updated Aug 2026
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A funded raise does not hand a founder a bank transfer. It creates a owned by the project, and gives the team a standing allowance to draw against. Everything else has to be argued for in public.
Where the raised money goes at close
The amount the project receives is split at settlement. A portion seeds a so the token can be traded at all, and the rest lands in the treasury as working capital.
| What | Amount |
|---|---|
| Project treasury (working capital) | 80% of raised |
| Liquidity pool (paired with tokens) | 20% of raised |
This matters when you evaluate runway. A $150,000 raise with a $8,000 monthly budget is not nineteen months of runway; it is roughly fifteen, because the treasury is $120,000.
The monthly budget
Before a raise opens, the founder publishes a . After funding, that number is a ceiling enforced by the program: the team can withdraw up to it each month for salaries, rent, infrastructure, contractors, whatever running the project requires, and cannot withdraw more, regardless of what the treasury holds.
Individual spends within the monthly limit do not require proposal approval. The published limit makes the maximum monthly withdrawal visible before a commitment.
What needs a proposal
Anything that reaches past the allowance goes to a public proposal:
- A one-off spend larger than the monthly budget, an acquisition, a big contract, a marketing push.
- Raising the monthly budget itself.
- Minting new tokens, which would dilute existing holders.
- Selling or licensing assets the entity holds, including the brand and the IP.
- Changing the governance parameters that enforce all of the above.
A is not decided by the founder, by Backable, or by a token-holder vote. It is decided by a : traders take positions on whether the proposal makes the token more or less valuable, and the market's answer executes automatically.
This is not hypothetical. Later capital raises have already been decided this way on MetaDAO: Umbra's OTC proposal, Omnipair's OTC proposal, and MetaDAO's own. Each linked page shows the proposed instruction and recorded market outcome.
If a team stops operating
Funds already withdrawn under the monthly budget are no longer in the treasury. Remaining governed assets can be redeployed or distributed only through the applicable proposal and entity process.